Edison purchases 40 MW of wind power to increase its presence in renewable energies

The transaction to purchase 100% of Vibinum and 90% of Aerochetto, companies with wind farms operating in Puglia and Sicily respectively, through which Edison further consolidates its leadership in electricity generation from renewable sources.

Milan, July 30, 2021 – Edison communicates the acquisition of 100% of Vibinum Srl from the Futuren Group and 90% of Aerochetto Srl, purchasing a 51% stake from Futuren Group and a 39% stake from Repower Spa. Through these transactions, Edison pursues its growth plan in the renewable generation and consolidates its leading position in the wind sector, increasing its renewable energy portfolio by an additional 40 MW for a total installed capacity of 1.1 GW (wind and photovoltaic power).

Aerochetto Srl and Vibinum Srl own 30 MW and 10 MW of wind power assets in Sicily and Puglia respectively, two regions in which Edison has a historic presence in the renewable energy sector. Edison will leverage on its presence in the two regions to exploit operational synergies connected with the management and maintenance of the plants. The two wind farms will meet the energy needs of about 24.695 families and will avoid the emission of about 30.817 tonnes of CO2 a year. In addition, over the next years these plants may undergo repowering operations to further increase their annual output of green energy and at the same time reduce the number of wind turbines.

The operation is part of Edison’s business strategy, communicated on 16 June, which provides to increase the company’s installed renewable capacity - both wind and photovoltaic power - from the current 1.1 GW to 4GW by 2030, and at the same time to take green energy production from actual 26% of the production mix to 40%. An extremely valuable plan for Italy’s economy that envisages also energy efficiency, sales and services for end customers and gas and green gas activities among its key areas of strategic development. A plan which provides around 3 billion euros of investments by 2030 in order to support the country’s energy transition and decarbonisation targets.

The purchases from the Futuren Group (controlled by EDF) are classified as transactions between related parties of lesser significance and have been carried out after obtaining the positive opinion of the Related Party Transactions Committee.